Rejecting exploding offers on principle
There is no explanation for being given some short deadline to accept an offer other than manipulation. I find it incredibly disrespectful to be told "accept in x days or fuck off" Should it be a thing to reject them on principle?
But there is an explanation. They are working with other talented candidates that need an answer too. If you take too long, they make walk away. Not good for the employer. You may be the first pick but if you do not respond timely they may lose the 2nd and 3rd 🤷🏼♂️
They can retract an offer after they've waited, and they don't need an exploding offer to do that. If they want to move fast, they can just warn you that they need to do that and if they don't hear back from you, they're moving on
Oh come on. It's one thing to follow up weekly a couple times with a candidate and move on if it takes more than reasonable and another thing to pressure with "you need to accept within the week"
Tell them you are not ready to make a decision yet. Up to them if they want to postpone the deadline.
It also looks bad from the employers side that you’re delaying your response.... why? To negotiate a higher counter from your current employer that you’ll just end up accepting? Or to excite a bidding war with another competing offer? Either way, it’s bad business. You shouldn’t go on an interview for a position if you don’t ultimately have intentions of accepting an offer should a reasonable one be extended. Of course, if they low-ball on salary or you sense that it won’t be a fit culture wise, then by all means, decline. But decline right away... why drag it out?
This is terrible advice. If the offer is not what op is trying to get and they're still interviewing/need more time then they should ask for more time. If the company is being unreasonable about wanting an answer then that's their loss. Obviously if op is taking a month then they need to decide but otherwise exploding offers are shitty to extend
Well put
It’s a negotiation tactic. Don’t dismiss a company if they try it. How they negotiate offers has little relation to the way people are in day to day work. You could turn an exploding offer into a big pay bump. Rejecting out of principle is artificially holding you back. here’s the secret: the timeline they give is artificial.
Of course it's a negotiation tactic. Nobody is disputing that. Successful negotiation tactics rely on both parties accepting it as tenable and within the window of acceptable behavior. If one party decides it is not acceptable to negotiate in that way, they walk away. In the other direction, if a candidate asks for an insane TC, a company will often reject them outright. It's a negotiation tactic that was not accepted as valid by both sides.
It’s so easy to talk your way out of an exploding offer though. That means one less company you can negotiate with, which will lower your TC since you’ll have less companies competing for it.
Please reject it so that the next guy in line can accept it
Yes, you have every right to reject these offers based off disagreeing with the principle. Just like employers have the right to give you timelines. That’s the beauty of free markets.
It’s all a gamble. Maybe they are pushing you to quickly close the position, but maybe they would offer the job to the second choice if you don’t accept
The exploding offer is an indication that they treat employees badly and a way of screening out anyone with a backbone from working there.
An exploding offer should come with a premium TC. I would say you should counter with a 10-20% premium on top of what they offered you.
Yes! Unless you absolutely need the job, tell them you reject unless they remove the time condition